Prime multi-let trade park

Comprising a prime multi let trade park, immediately off J1 of the M60 motorway. The estate is situated within 5 minutes’ drive of Stockport Town Centre, which is benefitting from £1bn investment. Spanning 11 acres, the industrial complex is let to Tyco Fire Products Manufacturing and Booker, among others. The average rent is just £7.55 psf, with the most recent deal agreed at £12.00 psf and further growth to be captured via refurbishment with rents established locally at £14.00 psf + on secondhand stock. Property boasts 11 units, has a WAULT of more than six years to expiry. Rents at the complex currently top out at £12.50 but it is estimated there is room for rental growth if the units were to be refurbished.